March non-manufacturing data shows growth despite coronavirus
April 3, 2020
The March NMI came in at 52.5 in March, down 4.8% from February’s 57.3 reading (a reading of 50 or higher indicates growth is occurring), which marks the highest reading over the last year. The NMI headed up for the 122nd consecutive month, and the March NMI is 2.5% below the 12-month average of 55.0 and is the lowest reading over that span.
